MicroStrategy (NASDAQ:MSTR) Stock Price Down 0.9% – Time to Sell?

MicroStrategy Incorporated (NASDAQ:MSTR) shares were down 0.9% during mid-day trading on Thursday . The company traded as low as $250.91 and last traded at $260.80. Approximately 5,638,978 shares changed hands during mid-day trading, a decline of 67% from the average daily volume of 16,844,844 shares. The stock had previously closed at $263.27.

Analysts Set New Price Targets

A number of analysts have recently issued reports on MSTR shares. Benchmark reaffirmed a “buy” rating and issued a $650.00 price objective on shares of MicroStrategy in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods started coverage on MicroStrategy in a research report on Friday, February 7th. They issued an “outperform” rating and a $560.00 price objective for the company. Maxim Group raised their price objective on MicroStrategy from $480.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Barclays cut their price objective on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Finally, Canaccord Genuity Group dropped their price target on MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $536.90.

MicroStrategy Stock Performance

The stock has a 50 day simple moving average of $331.44 and a 200 day simple moving average of $271.44. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. The stock has a market cap of $61.23 billion, a P/E ratio of -45.35 and a beta of 3.25.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

Hedge Funds Weigh In On MicroStrategy

A number of hedge funds have recently added to or reduced their stakes in MSTR. Geode Capital Management LLC increased its stake in MicroStrategy by 990.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker’s stock worth $465,573,000 after acquiring an additional 2,512,645 shares during the period. Norges Bank bought a new position in shares of MicroStrategy in the 4th quarter valued at $523,981,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of MicroStrategy by 971.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 639,707 shares of the software maker’s stock valued at $107,855,000 after purchasing an additional 579,994 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of MicroStrategy by 587.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 664,261 shares of the software maker’s stock valued at $111,994,000 after purchasing an additional 567,628 shares during the last quarter. Finally, Swiss National Bank increased its stake in shares of MicroStrategy by 904.7% in the 3rd quarter. Swiss National Bank now owns 468,200 shares of the software maker’s stock valued at $78,939,000 after purchasing an additional 421,600 shares during the last quarter. Institutional investors own 59.84% of the company’s stock.

MicroStrategy Company Profile

MicroStrategy Incorporated provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers MicroStrategy ONE, which provides non-technical users with the ability to directly access novel and actionable insights for decision-making; and MicroStrategy Cloud for Government service, which offers always-on threat monitoring that meets the rigorous technical and regulatory needs of governments and financial institutions.